Local, Real Estate News

As of March 31, 825 homes were sold thus far in Sussex County for a total of more than $275 million.

Rising Home SalesThe Sussex County Association of Realtors (SCAOR) has announced a 9% increase in the number of homes sold in the first quarter of 2015 compared to 2014.  825 homes have been sold for more than $275 million and the average sales price increased by over 18% from $246,198 to $262,330.

The strong increase in selling price, while good news for sellers, was probably the result of a change in the mix of sales when compared to the same period in 2014.  Homes closer to the beach markets in eastern Sussex County has much higher selling prices than the county as a whole and this may indicate a stronger resurgence in sales in the resort markets.

Click below for the link to the full press release:

Local real estate market enjoys steady gains over same period a year ago


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